Escorts extends gain; stock zooms over 250% in FY17

Thus far in FY17, the stock has appreciated by 273% from Rs 139 as compared to 14% rise in Sensex.

Share of farm and construction equipment major Escorts continued their upward march with the stock hitting new high of Rs 518, up 4.6% on BSE on expectation of strong tractor sales.

So far in the financial year 2016-17 (FY17), the stock has appreciated by 273% from Rs 139 as compared to 14% rise in the S&P BSE Sensex, on back of strong operational performance.

The company’s EBITDA (earnings before interest, tax, depreciation and amortization) for the first nine months (April to December) of FY17was up by 87.5% at Rs 249 crore as against Rs 133 crore in the